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What is happening in the short-term?

American Democratic Party supporters react to projections for Donald Trump winning multiple states at the Democrats Abroad election night party at Marylebone Sports Bar and Grill (Image: 2016 Getty Images)

The pound made strong gains against the dollar and stock markets took a pummelling this morning, November 9.

The Mexican peso nose-dived to an all-time low against the dollar in unprecedented scenes.

The pound rose 1.2 per cent against the dollar at 1.2529 and the euro was up 2.1 per cent at 1.1259 on two-day figures.